TORONTO, Aug. 8, 2024 /PRNewswire/ - Denison Mines Corp. ('Denison' or the 'Company') (TSX:DML) (NYSE:DNN) today filed its Condensed Consolidated Financial Statements and Management's Discussion & Analysis ('MD&A') for the three and six months ended June 30, 2024. Both documents will be available on the Company's website at www.denisonmines.com, SEDAR+ (at www.sedarplus.ca) and EDGAR (at www.sec.gov/edgar.shtml). The highlights provided below are derived from these documents and should be read in conjunction with them. All amounts in this release are in Canadian dollars unless otherwise stated. View PDF version David Cates, President and CEO of Denison commented, "Following the completion of our Phoenix Feasibility Study ('FS') in June 2023, we embarked on an ambitious 2-year plan to advance towards a final investment decision. At the end of the second quarter of 2024, we have completed 12-months of post-FS project work and have already achieved completion of over 30% total engineering. Our rapid engineering progress is possible because we have built off of the systematic and rigorous technical evaluation and de-risking work that was incorporated into the FS. The FS already reflects the wave of significant cost inflation experienced in the mining sector from 2021 to 2023 and robust project designs that incorporated the learnings from the environmental assessment process as described in our draft Environmental Impact Statement ('EIS') submitted in 2022. Engineering and ongoing long-lead procurement efforts continue to accelerate in accordance with our project plans and guidance targeting first production by 2027 / 2028. In parallel, we have obtained support for the project from Indigenous and non-Indigenous interested parties – reaching impact-benefit type agreements, supporting the advancement and operation of the Wheeler River project, with each of English River First Nation, Kineepik Métis Local #9, the Village of Pinehouse, and a group of interested northern municipalities (the Northern Village of Beauval, the Northern Village of Île-à-la Crosse, the Northern Hamlet of Jans Bay, and the Northern Hamlet of Cole Bay). Additionally, we have made significant progress towards the finalization of our EIS, project permitting, and licensing. Based on feedback received to date, we are optimistic that the EIS review process is nearing completion. Ending Q2 with no debt on the balance sheet and a combination of working capital and investments valued at nearly 95% of Denison's share of the Phoenix FS initial capex means that our Company is very well funded to continue to execute on our project development plans and to deliver a new source of Canadian uranium supply to the market at a time when demand is increasing and securing sustainable and geopolitically stable supply is expected to be a priority for future utility customers. Beyond Wheeler River, Denison continues to demonstrate its industry leadership in the assessment of the application of the low-cost ISR mining method to the high-grade uranium deposits of the Athabasca Basin. In 2024, we are carrying out field studies and evaluation programs at both the Tthe Heldeth Túé ('THT') and Midwest Main deposits. Working together with Orano Group, a global leader in the nuclear fuel cycle, we recently completed an inaugural field test of ISR mining at the Midwest Main deposit, providing important preliminary validation that the deposit possesses the characteristics necessary for an ISR operation and efforts are now focused on the completion of a Preliminary Economic Assessment ('PEA') during the balance of the year." Q2 2024 MD&A Highlights Completion of Inaugural ISR Field Test Program at MidwestIn June 2024, Denison and Orano Canada Inc. ('Orano Canada') announced the completion of an In-Situ Recovery ('ISR') field test program at the Company's 25.17% owned Midwest Uranium Project ('Midwest'). The program involved drilling ten small diameter boreholes within the Midwest Main deposit primarily undertaken to evaluate site-specific conditions for ISR mining. A series of tests were successfully performed on each borehole, creating an extensive database of geological, hydrogeological, geotechnical, and metallurgical ...